Industry map/Finance & Business Services
Online & Retail-Affiliated Banks industry map
Who earns the money in Online & Retail-Affiliated Banks, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 6 companies · ¥1.79T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥1.79T
- Companies
- 6
- Avg. salary（parent only）
- ¥7.6M
- Industry weather
- Cloudy
YoY +19.5%
Avg. age 39.1
Operating income -7.4%
Rakuten Group[4755]
FinTech
- Revenue
- ¥975.9B▲19.0%
- Operating income
- —
Whole company: Revenue ¥2.5T · Net income -¥177.9B
Avg. salary ¥8.5M · 36.0（parent only）
Rakuten Bank[5838]
- Revenue
- ¥255.6B▲38.5%
- Operating income
- —
Avg. salary ¥7.1M · 37.4（parent only）
- Rakuten Group owns 49.3%
AEON Financial Service[8570]
Retail
- Revenue
- ¥236.1B▲23.5%
- Operating income
- ¥5.12B▼51.3%
Margin 2.2%
Whole company: Revenue ¥569.4B · Net income ¥21.1B
Avg. salary ¥7.1M · 40.7（parent only）
Seven Bank[8410]
Domestic Business (Banking business,other ) + 1 more
- Revenue
- ¥189.4B▲3.9%
- Operating income
- ¥30.8B▲11.5%
Margin 16.2%
Whole company: Revenue ¥220B · Net income ¥13.5B
Avg. salary ¥7.7M · 41.1（parent only）
Sony Financial Group[8729]
Bank
- Revenue
- ¥129.8B▲11.0%
- Operating income
- ¥16.7B▼11.5%
Margin 12.9%
Whole company: Revenue ¥2.87T · Net income ¥55.5B
Avg. salary ¥12.8M · 45.8（parent only）
Internet Initiative Japan[3774]
ATM operation business
- Revenue
- ¥3.02B▲2.4%
- Operating income
- ¥1.23B▲5.1%
Margin 40.8%
Whole company: Revenue ¥345.4B · Net income ¥24.2B
Avg. salary ¥7.5M · 37.5（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Rakuten GroupFinTech | ¥975.9B | 54.5% | — | +12.0% | ¥218.1B |
| 2▲1 | Rakuten Bank | ¥255.6B | 14.3% | — | +24.6% | ¥335.4B |
| 3▼1 | AEON Financial ServiceRetail | ¥236.1B | 13.2% | 2.2% | +3.0% | ¥266.8B |
| 4 | Seven BankDomestic Business (Banking business,other ) + 1 more | ¥189.4B | 10.6% | 16.2% | +66.4% | ¥57.7B |
| 5 | Sony Financial GroupBank | ¥129.8B | 7.3% | 12.9% | +20.8% | ¥416.8B |
| 6 | Internet Initiative JapanATM operation business | ¥3.02B | 0.2% | 40.8% | +2.0% | ¥22B |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- Ordinary expenses
- SG&A
- Operating profit
- Ordinary profit
Ownership links
From the major-shareholder section of annual securities reports.
- Rakuten GroupIn industry
- AffiliateRakuten Bank49.3%
- 株式会社大和証券グループ本社Outside
- AffiliateAozora Bank23.9%
- 伊藤忠商事株式会社Outside
- AffiliateSeven Bank20.4%
- ソニーグループ株式会社Outside
- StakeSony Financial Group17.4%
- KDDI株式会社Outside
- StakeInternet Initiative Japan11.5%
- NTT株式会社Outside
- StakeInternet Initiative Japan6.9%
- 日本郵政株式会社Outside
- StakeRakuten Group6.0%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Online & Retail-Affiliated Banks (by revenue)
All 6 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Rakuten Group¥975.9B
- Rakuten Bank¥255.6B
- AEON Financial Service¥236.1B · 2.2%
- Seven Bank¥189.4B · 16.2%
- Sony Financial Group¥129.8B · 12.9%
- Internet Initiative Japan¥3.02B · 40.8%
Revenue · Op. margin
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